MATTEL INC /DE/ Form SCHEDULE 13D — Oct 22, 2026
EdgePoint Investment Group disclosed a 17.68% stake in Mattel, Inc. (50,515,811 shares, aggregate cost about US$829.7 million), acquired through open-market purchases. On October 21, 2026, EdgePoint signed a Cooperation Agreement with Mattel under which Lee Matheson, a Partner at EdgePoint, joined the Board immediately following the departure of former CEO Ynon Kreiz, with the company committing to nominate him at the 2027 annual meeting. The agreement includes standstill and voting commitments through a cooperation period extending past the 2028 annual meeting, plus protections for EdgePoint on charter/bylaw amendments, and expires if EdgePoint's stake falls below 10%.
Key figures
- Shares Owned
- 50515811
- Percent Owned
- 17.68%
- Sole Voting Power
- 36425584
- Shared Voting Power
- 14090227
- Aggregate Purchase Price
- US$829,702,537
- Cooperation Period Start
- 2026-10-21
- Shares Outstanding Basis
- 285700000
- Expense Reimbursement Cap
- US$500,000
AI analysis
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